4038 Dover RdPueblo, CO 81004

Property Details for 4038 Dover Rd

Year built

1975

Construction

STEEL FRAME

Lot size

30.21 AC

Property size (Sq ft)

249,200 SF

Zone code

I-2

Property type

Individual retail properties

APN

4630240001

APU

4630240001

Description

This exceptional industrial property, located at 4038 Dover Rd in Colorado City, CO 81004, presents a rare investment opportunity. Boasting 249,200 square feet on a 30.21-acre lot, this warehouse offers a compelling combination of size, functionality, and location. Originally constructed by Columbia Records and later utilized as a Kroger Logistics facility, this building is situated directly on I-25, providing unparalleled access to major transportation routes. The property features 13 loading docks, and impressive ceiling heights ranging from 25 to 38 feet. The warehouse includes approximately 10,000 square feet of two-story office space with expansive views. Further enhancing its versatility, the property includes two refrigerated rooms, each with 50,000 cubic feet of capacity, capable of reaching -20 degrees Celsius. A comprehensive wet fire suppression system is installed throughout the building. The property is zoned I-2 and is offered for sale at $12,200,000, representing a 10.00% cap rate and a price per square foot of $48.96. This is a single-tenant, absolute NNN lease property, ideal for a variety of industrial uses. The property's history, size, location, and unique features make it a truly exceptional investment opportunity in Southern Colorado.

• CAP approach

  CAP return

  Valuation

  6%

  $80,127,584

  6.5%

  $73,963,928

  7%

  $68,680,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $51,884,040

  Geo Method

  $51,884,040

• Alternative Use

  Use

  Valuation

  Residential

  $62,391,340

  Hospitality

  $57,150,132

  Educational

  $47,548,240

  Medical

  $49,183,496

  Retail

  $73,963,928

Location Insight

City

Pueblo

County

Pueblo

State

Colorado

Latitude

37.9348

Longitude

-104.82

CBSA code

39380

CBSA name

PUEBLO, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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